Brasília – The economy made by the three levels of the government of Brazil (federal, state and municipal), in November, for payment of the public debt, totalled 12.711 billion (US$ 7.3 billion). The result is lower than the 13.8 billion reals (US$ 7.9 billion) of the primary consolidated surplus of the previous month, according to the Fiscal Policy Report, disclosed today (30) by the Central Bank.
The Federal government economized 10.712 billion reals (US$ 6.2 billion), whereas cities and states contributed with 898 million reals (US$ 516 million) and state-owned companies economized 1.101 billion (US$ 636 million) last month. Despite the efforts, the result was a 2.4 billion real (US$ 1.4 billion) deficit, as interest payments totalled 15.125 billion reals (US$ 8.7 billion) in the month.
In the accumulated result for the year, the primary surplus totals 64.242 billion reals (US$ 36.9 billion), or 2.25% of Gross Domestic Product (GDP). But the total referring to debt interest is much higher, reaching 154.922 billion reals (US$ 88.9 billion), equivalent to 5.42% of GDP. With this total, the fiscal deficit from January to November reached 90.680 billion reals (52 billion, equivalent to 3.17% of GDP).
The GDP of Brazil is estimated at 2.856 trillion Brazilian reals (US$ 1.6 trillion) in the accumulated result for the year. As the public sector net debt reached 1.329 trillion reals in November (US$ 763 billion), the treasury is indebted by 43% of all the country produced this year.
*Translated by Mark Ament